Companies around the world are expecting the global economy to suffer a soft patch next year with weaker growth in business activity as austerity bites, a leading survey of corporate sentiment shows.
Sentiment in the US and Japan has fallen farthest with manufacturing and service companies less optimistic about revenues, profits and employment than they were in June.
Confidence in Bric countries – Brazil, Russia, India and China – has remained firm and despite the troubles of the eurozone, European companies also feel resilient about the future.
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